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Running Head: THE WALLACE GROUP The Wallace Group Presented in Partial Fulfillment Of the Requirements for the Class MGT485: Global Strategic Management By Donna R. Haygood AIU Online Dr. Amber Gravett 7/23/2005 The Wallace Group is a diversified company that manufactures and develops technical products and systems. It has three primary operational groups consisting of electronics, plastics, and chemicals. Though successful, generating $70 million dollars in sales, the Group is inundated with problems (Wheelen et al, 2004). This paper will identify these problems in relation to the group. It will also discuss recommendation in order of priority. In addition, it will illustrate how you educate a manager to manage an organization as it evolves over time from an entrepreneurial structure to a more sophisticated and complex organizational structure? What is the most important problem facing The Wallace Group? In my opinion, the nonexistence of corporate governance, the system by which companies are directed and managed is the most important problem facing The...

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